Public Notices

This Public Notice applies to all businesses and professions, namely: Legal practitioners, notaries public or accountants undertaking relevant business, that is, the provision of services to clients, which involve transactions concerning any of the following activities - Buying and selling of real estate; Managing of client money, securities, or other assets; Management of bank, savings or securities accounts; Organisation of contributions for the creation, operation or management of companies; and Creation, operation or management of legal persons or arrangements, or buying and selling of business entities.

The Financial Investigation Agency (“FIA”) is hereby notifying the public that based on section 5K of the Financial Investigation Agency Act, 2003, as amended by the Financial Investigation Agency (Amendment) Act, 2021 (‘the Act’), the FIA can now impose fines for the commission of any offence that prescribes a fine under the Act, including failure to comply with a request to produce documents within the specified time period of five working days.

Under the laws of the Virgin Islands (hereinafter referred to as the "Territory"), all non-profit organisations ("NPOs") operating within or from within the Territory are subject to the Anti­ Money Laundering and Terrorist Financing Code of Practice 2008, as amended ("the AML Code").

The Financial Investigation Agency has developed a Money Laundering Reporting Officer Notification of Appointment Form that should URGENTLY be completed by the following entities:

The Financial Investigation Agency (“the Agency”) would like to advise and warn the general public of many get rich quick schemes (“Ponzi and Pyramid”) and other investment scams which are being promoted from and within the Territory.

Proceeds of Criminal Conduct Act, 1997, as amended
Anti-Money laundering Regulations 2008, as amended
Anti-Money laundering and Terrorist Financing Code of Practice 2008, as amended
Non-Profit Organizations Act, 2012

Proceeds of Criminal Conduct Act, 1997, as amended
Anti-Money laundering Regulations 2008, as amended
Anti-Money laundering and Terrorist Financing Code of Practice 2008, as amended
Non-Profit Organizations Act, 2012

The Financial Investigation Agency Act, Proceeds of Criminal Conduct Act, the Anti-Money Laundering and Terrorist Financing Code of Practice, the Anti-Money Laundering Regulations and their subsequent amendments, the Non-Profit Organisations Act, the Anti-Terrorism Orders and the Proliferation Financing (Prohibition) Act, 2009, all contain detailed provisions of money laundering, terrorist financing and other related offences.

The Financial Investigation Agency advises that if you engage in the following business activities which are outlined in Regulation 2(1) of the Anti-Money Laundering Regulations, 2008, as amended, (“AML Regs.”) and you fit the description of an entity defined in Section 2(1) of the Anti-Money Laundering and Terrorist Financing Code of Practice, 2008, as amended, (“AML Code”), you are required to comply with the Anti-Money Laundering/Combating the Financing of Terrorism (“AML/CFT”) laws of the Virgin Islands.